BJF RENOVATION: what changed
What changed
BJF RENOVATION
NACE 42.220, Construction of utility projects for electricity and telecommunications
filed annual accounts (NBB)
Net result for the year
€53,676
2024 · -€27,332+€81,008
Equity
€20,056
2024 · -€33,619+€53,676
Cash
€80,559
2024 · €20,630+€59,928
Balance sheet total
€141,436
2024 · €67,189+€74,247
Largest movements
Assets
- Cash +€59,928
up €59,928 (+290%), from €20,630 to €80,559
mainly Net result for the year (+€53,676) and Trade debts (+€20,978)
- Tangible fixed assets +€13,850
up €13,850 (+72.6%), from €19,071 to €32,922
of which Furniture and vehicles: +€13,850
Equity and liabilities
- Profit (loss) carried forward +€51,019
no longer reported in 2025 (was -€51,019)
- Advances received -€21,106
no longer reported in 2025 (was €21,106)
- Trade debts +€20,978
up €20,978 (+88.7%), from €23,650 to €44,628
- Debts after one year +€20,176
new in 2025: €20,176
- Other debts -€12,151
down €12,151 (-24.8%), from €49,078 to €36,927
Income statement
- Gross operating margin +€80,897
up €80,897 (+114%), from €70,965 to €151,862
- Other operating charges -€5,574
down €5,574 (-78.4%), from €7,111 to €1,536
- Taxes +€4,674
up €4,674, from €0 to €4,674
- Staff costs -€1,704
down €1,704 (-2.1%), from €80,111 to €78,407
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€27,332
Gross operating margin
+€80,897
Staff costs
+€1,704
Depreciation
-€1,178
Other operating charges
+€5,574
Financial income
+€66
Financial charges
-€1,382
Taxes
-€4,674
Result 2025
€53,676
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€53,817
Investment
-€25,649
Financing
+€31,760
Cash 2024
€20,630
From operations (derived)
+€53,817
Net result for the year
+€53,676
Depreciation
+€12,162
Receivables within one year
-€831
Trade debts
+€20,978
Tax, wage and social debts
+€1,090
Advances received
-€21,106
Other debts
-€12,151
Investment (derived)
-€25,649
Investment in fixed assets (net)
-€25,649
Financing
+€31,760
Debts after one year
+€20,176
Current portion of long-term debt
+€11,584
Cash 2025
€80,559
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,189 | €141,436 | +€74,247 | +111% |
| Fixed assets | 21/28 | €19,434 | €32,922 | +€13,487 | +69.4% |
| Tangible fixed assets | 22/27 | €19,071 | €32,922 | +€13,850 | +72.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €19,071 | €32,922 | +€13,850 | +72.6% |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €47,755 | €108,514 | +€60,759 | +127% |
| Amounts receivable within one year | 40/41 | €27,125 | €27,956 | +€831 | +3.1% |
| Trade receivables | 40 | €18,452 | €26,894 | +€8,442 | +45.7% |
| Other amounts receivable | 41 | €8,672 | €1,062 | -€7,611 | -87.8% |
| Cash at bank and in hand | 54/58 | €20,630 | €80,559 | +€59,928 | +290% |
| Total equity and liabilities | 10/49 | €67,189 | €141,436 | +€74,247 | +111% |
| Equity | 10/15 | -€33,619 | €20,056 | +€53,676 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €5,000 | €7,656 | +€2,656 | +53.1% |
| Tax-exempt reserves | 132 | €5,000 | - | -€5,000 | |
| Distributable reserves | 133 | - | €7,656 | +€7,656 | |
| Profit (loss) carried forward | 14 | -€51,019 | - | +€51,019 | |
| Amounts payable | 17/49 | €100,809 | €121,380 | +€20,571 | +20.4% |
| Amounts payable after more than one year | 17 | - | €20,176 | +€20,176 | |
| Financial debts | 170/4 | - | €20,176 | +€20,176 | |
| Amounts payable within one year | 42/48 | €100,809 | €101,203 | +€394 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | - | €11,584 | +€11,584 | |
| Trade debts | 44 | €23,650 | €44,628 | +€20,978 | +88.7% |
| Suppliers | 440/4 | €23,650 | €44,628 | +€20,978 | +88.7% |
| Advances received on contracts in progress | 46 | €21,106 | - | -€21,106 | |
| Taxes, remuneration and social security | 45 | €6,975 | €8,065 | +€1,090 | +15.6% |
| Taxes | 450/3 | €3,021 | €4,531 | +€1,510 | +50.0% |
| Remuneration and social security | 454/9 | €3,953 | €3,534 | -€420 | -10.6% |
| Other amounts payable | 47/48 | €49,078 | €36,927 | -€12,151 | -24.8% |
| Non-recurring operating income | 76A | - | €4,956 | +€4,956 | |
| Remuneration, social security and pensions | 62 | €80,111 | €78,407 | -€1,704 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,984 | €12,162 | +€1,178 | +10.7% |
| Other operating charges | 640/8 | €7,111 | €1,536 | -€5,574 | -78.4% |
| Gross operating margin | 9900 | €70,965 | €151,862 | +€80,897 | +114% |
| Operating profit (loss) | 9901 | -€27,241 | €59,757 | +€86,998 | |
| Financial income | 75/76B | €0 | €67 | +€66 | +14,115% |
| Recurring financial income | 75 | €0 | €67 | +€66 | +14,115% |
| Non-recurring financial income | 76B | - | €67 | +€67 | |
| Financial charges | 65/66B | €91 | €1,474 | +€1,382 | +1,511% |
| Recurring financial charges | 65 | €91 | €1,474 | +€1,382 | +1,511% |
| Profit (loss) for the period before taxes | 9903 | -€27,332 | €58,350 | +€85,682 | |
| Income taxes | 67/77 | €0 | €4,674 | +€4,674 | |
| Profit (loss) for the period | 9904 | -€27,332 | €53,676 | +€81,008 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,332 | €53,676 | +€81,008 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.